Key to a secure and happy retirement is diversification. Putting all your eggs in one proverbial basket will leave them exposed to whims of the stock market.
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Over the past three years, it seems that an economic recession has become increasingly difficult to pin down. Lockdowns caused a recession, sure. But they came and went… kind of. What is the state of the U.S. and global economy now, and are we qualifying for something akin to 2008-2011? Why has “recession 2023” become a buzzword in the media?
...For the first time since 1971, it seems we’re faced with a real prospect of the dollar collapsing. Not just a loss in the value of the dollar and then a bounceback, as is the case due to interest rates hikes and cuts. No, here we are talking something more along the lines of the Venezuelan bolivar.
...After decades of tame price growth, red-hot inflation is back with a vengeance. Thanks to a unique combination of factors, people’s pocketbooks are once again suffering from surging prices. 2022’s investor playbook features some timeless wisdom for dealing with inflation, as well as a recognition that this year’s challenges won’t exactly mirror the inflation crises of old, such as during the 1970s.
...Stagflation is an economic phenomenon characterized by rising prices together with a stagnant or shrinking economy. Economically, stagflation represents the “worst of both worlds.” Retirees and consumers get hammered by rising prices. Businesses get squeezed by rising costs for doing business, and workers have a hard time finding employment.
...Generally, the rules concerning IRA transactions for gold IRAs are the same for other kinds of IRAs. There are some rules that apply specifically to gold and other precious metals in IRAs that are not applicable to other IRAs, such as purity and storage requirements. However, this post will focus on the tax rules that apply to the most common IRA transactions.
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